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Number of Condominiums Grows in Phnom Penh

The number of condominiums in Phnom Penh has increased 22 percent to 2,578 units since the beginning of the year, according to data released yesterday by Asia Real Estate Cambodia. The firm said that the majority of the new units came from the completion of 10 ...

Rice Production Down Due to Limited Rainfall, Report Says

After rising significantly in recent years, Cambodia’s rice production will fall this year because of a shortage of rain, the U.N. Food and Agriculture Organization (FAO) said in a new report. In its second quarter Rice Market Monitor report for 2012 published on Monday, the FAO ...

Rice alliance formed

A new partnership looking to export Cambodian rice to world markets formed yesterday afternoon at Sunway Hotel The Alliance of Rice Producers and Exporters of Cambodia (ARPEC) elected their first executive committee, which includes office holders Phou Puy, Hann Khieng, Oknha Kong Sang, Sok Cheng, Seng ...

http://www.phnompenhpost.com/index.php/2012052856413/Business/rice-alliance-formed.html

China eyes on all-round cooperation with Cambodia, says CPC senior leader (9)

China treasured its traditional friendship with Cambodia, and would take strategic approaches to step up the bilateral cooperation to a new height, visiting senior leader of the Communist Party of China He Guoqiang said here on Tuesday. In his meeting with Heng Samrin, He spoke ...

http://english.peopledaily.com.cn/90883/7844924.html

Jobs crucial to development

Jobs are a cornerstone of development in developing countries, reducing poverty, making cities work and providing youth with alternatives to violence, according to a new World Bank report. Jobs are crucial for achieving economic and social development, the World Development Report 2013 said. According to ...

http://www.phnompenhpost.com/index.php/2012100559121/Business/jobs-are-crucial-to-development-world-bank-says.html

PTT sets Bt6bn budget for 5-year expansion

PTT has set aside up to Bt6 billion to carpet key Asean markets with more than 240 retail petrol stations over the next five years. President and chief executive officer Pailin Chuchottaworn said the company had earmarked spending of between Bt5 billion and Bt6 billion through ...

http://www.nationmultimedia.com/business/PTT-sets-Bt6bn-budget-for-5-year-expansion-30193279.html

Mekong Subregion Investment Cooperation Forum highlights development triangle

Ministry of Planning and Investment, the Vietnam Association of Foreign Investment Enterprises, and the Cambodia-Laos-Vietnam Association for Economic Cooperation Development jointly held the Mekong Sub-region Investment Cooperation Forum with the theme of Cambodia-Laos-Vietnam Development Triangle before the New Challenges and Opportunities in Buon Ma Thuot ...

http://talkvietnam.com/2012/11/mekong-subregion-investment-cooperation-forum-highlights-development-triangle/#.UK868KDIKZk

Hun Sen Tells Ratanakkiri’s Minorities Their Future Is Rubber

On the second day of his two-day visit to Ratanakkiri, Prime Minister Hun Sen on Friday cajoled indigenous minority members about their ready adoption of new technology amid the shift away from traditional ways of life, and extolled the benefits of rubber plantations over their ...

http://www.cambodiadaily.com/news/hun-sen-tells-ratanakkiris-minorities-their-future-is-rubber-6519/

Car sales sharply rise in Cambodia in 2012 due to strong economic growth

Demand for brand new cars in Cambodia has remarkably increased in 2012 thanks to robust economic growth, enhanced social security and political stability, major automobile dealers said Monday. “We sold about 800 units this year, up from 500 units last year, “Kong Nuon, president of ...

http://news.xinhuanet.com/english/business/2012-12/24/c_132060341.htm

Shops to close, limit hours

Many restaurants, shops, supermarkets and tourist sites in Phnom Penh and Siem Reap will operate at a limited capacity or close entirely this Sunday as Cambodians line up at voting stations to elect a new government. “We will close the whole day on the 28th,” Kong ...

http://www.phnompenhpost.com/business/shops-close-limit-hours

MIME launches business award

The government wants to play a bigger role in helping local businesses remain competitive and, to this end, the Ministry of Industry, Mines and Energy (MIME) has launched a new award to recognise companies that have achieved high produc-tivity standards. Ten companies will be awarded in ...

http://phnompenhpost.com/2013051765677/Business/mime-launches-business-award.html

Cambodia's Sathapana selects ElectraCard for ATM and card services

ElectraCard Services (ECS), a leading provider of software and processing solutions for electronic payment systems, announced that Sathapana Limited (SPN), the leading MFI in Cambodia, has selected ECS to offer ATM and card services to their customers. Sathapana operates through 101 offices (74 branches and ...

ElectraCard Services
http://www.finextra.com/News/Announcement.aspx?pressreleaseid=51361&topic=exchanges

Cambodia parliament holds session as opposition continue to boycott

Cambodia’s ruling party- controlled National Assembly on Thursday convened its first plenary session to elect members for the body’s nine commissions, while the opposition party has continued to boycott the parliament over July’s disputed election. Sixty-eight lawmakers of the Prime Minister Hun Sen’s ruling party on ...

Global Times News Staff
http://www.globaltimes.cn/content/816822.shtml#.UldrLdKBlxI

Cambodia's ruling party has no plan for coalition gov't with opposition party: spokesman

The ruling Cambodian People’s Party (CPP) has no plan to establish a new coalition government with the opposition Cambodia National Rescue Party (CNRP) after the general election on July 28, CPP’s spokesman and Information Minister Khieu Kanharith said Saturday. “Up to now, we don’t have ...

http://news.xinhuanet.com/english/world/2013-08/10/c_132619134.htm

Aspara International's China flights delayed

The launch of a new airline promising regular flights between Phnom Penh and China has been stalled, awaiting government approval. Apsara International Air – co-owned by Chinese and Cambodian investors – now plans to begin operations sometime in 2014 as talks between the airline and the ...

May Kunmakara
http://www.phnompenhpost.com/business/aspara-internationals-china-flights-delayed

Capital to launch trial bus route

Phnom Penh commuters fed up with navigating the city’s increasingly busy streets will have a chance to test a new public bus service beginning in February. Phnom Penh Municipality spokesman Long Dimanche yesterday confirmed a one-month trial of a bus service along a 7.5-kilometre route running ...

Hor Kimsay
http://www.phnompenhpost.com/national/capital-launch-trial-bus-route

More Phnom Penh residents facing possible eviction

Dozens of villagers in Phnom Penh’s Russei Keo district are facing eviction after the National Cadastral Commission announced last week that a number of areas in Tuol Sangke commune are earmarked for future redevelopment. The commission’s plans for new projects, including a road widening, were posted ...

Ben Sokhean
http://www.cambodiadaily.com/news/more-phnom-penh-residents-facing-possible-eviction-58031/

Kandal Court may release men charged with Odong relic theft

The Kandal Provincial Court will question five prisoners next month over the theft of 2,500-year-old relics of the Buddha from the top of Odong mountain in December to ascertain if they were actually involved, a court official said Monday. Lim Sokuntha, an investigating judge at the ...

Khy Sovuthy
http://www.cambodiadaily.com/news/kandal-court-may-release-men-charged-with-odong-relic-theft-58602/

Institute land not leased: gov’t

Responding to reported fears among staff that the destruction of a wall at Phnom Penh’s Buddhist Institute could herald the piecemeal sale of the grounds to adjacent casino operator NagaCorp, the government yesterday chalked the alarm up to a simple misunderstanding. According to the Ministry of ...

Chhay Channyda
http://www.phnompenhpost.com/national/institute-land-not-leased-gov%E2%80%99t

Khmer minority lack equal rights: report

Thach Ry, a 64-year-old Khmer Krom man, fled Vietnam in 2008 after authorities there tried to arrest him for protesting the government’s treatment of his community. Arriving in Cambodia with his wife and daughter, authorities here tried to arrest him, too, he said, so like many ...

Kevin Ponniah and Phak Seangly
http://www.phnompenhpost.com/national/khmer-minority-lack-equal-rights-report

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